Author Archive

Accountants and Bookkeepers how important are they???

Posted on: November 18th, 2015 by admin No Comments

Recently we surveyed 2,000 small business owners and uncovered compelling facts. Our findings revealed just how important accountants and bookkeepers are to the ongoing success of the small businesses they serve. Read our full report here: http://ow.ly/UHxyl

Make or Break Report | Xero

We’ve investigated what separates successful entrepreneurs from those who fail, asking more than 2,000 business owners in the U.S. and U.K. about their experiences. Our findings uncover a host of insights and ideas to help you make…

XERO.COM

Xero Security

Posted on: September 9th, 2015 by admin No Comments

Important information about keeping safe online

Keeping you safe online is very important to Xero. We’re aware of the increasing number of phishing scams that are targeting the customers of banks and other large companies.

A phishing scam is when malicious emails target customers by pretending to be from a legitimate company such as Xero, using an email address like message-service@post.xero.com. They’re not targeting the company websites, but rather your login and access details. As online fraud continues to grow, we’ve put together some advice so you can stay safe online. Read more on our blog.

We’re aware of a phishing scam that’;s targeting Xero customers. Xero has not been compromised in any way, and your important data is still safe with us – your security is paramount. Since being made aware of these emails we’ve been working with our phishing protection service to analyse the phishing campaign and take down the websites used.

Recent phishing emails (emails that did not come from Xero) had subject lines like:

Subject: Credit Note CN-87151 from …

Subject: ACH Approval Letter

Subject: Invoice INV-…

Emails like this contain malicious content such as viruses. If you’ve received one, don’t open it – and if you do open it, don’t click any links or attachments. Delete the email. If you’re ever concerned you’ve received a phishing email or one that pretends to come from Xero please forward it to: phishing@xero.com.

If you’ve got any questions or would like to know more, read our latest blog on security.

Regards,

The Xero Team

Car Limits

Posted on: August 27th, 2015 by admin No Comments

CAR LIMIT ANNOUNCED

The ATO has just released Tax Determination TD 2015/16 announcing the car limit for 2015/2016. The car limit remains unchanged at $57 466. This limit is relevant for working out the depreciation and GST claims on cars. Note it is not relevant for the purposes of Luxury Car Tax; which is a separate threshold.

GST

The GST credit available on the acquisition of a business car is limited if the market value of the car, including any luxury car tax and GST, exceeds the car limit which applies for the financial year in which you start to use the car for any purpose. Where this is the case, the GST credit is limited to 1/11^th of the applicable car limit. The limit applies to ‘cars’ (broadly, vehicles designed to carry a load of less than one tonne and fewer than nine passengers – motor cycles are excluded):

How to keep accurate payroll tax records | Xero Accounting Software

Posted on: July 30th, 2015 by admin No Comments

Keeping accurate payroll tax records involves more than just recording how much each employee is paid. How do you ensure you get the numbers right? Helpful tips in this guide. http://ow.ly/PAXCu